Archive for June, 2006
Shall I apply to those debt reduction services for my cc debt of 20k? I am never late for a payment?
June 26th, 2006 | 
Author: 
zellk asked:
20 k in cc debt. never late for a payment and no derogatory items in my report. but i have 6 cc’s and everything I am paying is going to interest and my debt doesn’t go down. my credit score is very low (around 630) even thogh my payment history is perfect. Shall I apply to those services where they negotiate your debt with the cc companies? I heard that doing that also reduces your credit score. What is the best way to get rid of this debt as quick as possible?
Rigoberto Iwasko
20 k in cc debt. never late for a payment and no derogatory items in my report. but i have 6 cc’s and everything I am paying is going to interest and my debt doesn’t go down. my credit score is very low (around 630) even thogh my payment history is perfect. Shall I apply to those services where they negotiate your debt with the cc companies? I heard that doing that also reduces your credit score. What is the best way to get rid of this debt as quick as possible?
Rigoberto Iwasko
Posted in Personal Finance | 
Tags: Credit Score, Debt Reduction Services, Debt Services | 
4 Comments »
Sheila asked:
The one created by Dave Ramsey. Any suggestions, thoughts, or advice (successes or failures)?
It is/will be painfull to have to actually list my debts to do it. Yikes.
Rozella Caras
The one created by Dave Ramsey. Any suggestions, thoughts, or advice (successes or failures)?
It is/will be painfull to have to actually list my debts to do it. Yikes.
Rozella Caras
funnimom asked:
Does anyone know what kind of lawyer to get for personal debt reduction, who will not encourage you to file bankruptcy?
James Donaghey
Does anyone know what kind of lawyer to get for personal debt reduction, who will not encourage you to file bankruptcy?
James Donaghey
mog_ron asked:
I aquired a tax debt while single and am in collections currently (An installment agreement). I got married 3 years ago to a woman who has been a full time grad student from the beginning and has not earned enough to have to file taxes in those 3 years. She has insisted that we file married but seperately because she is afraid of collection actions against her because of my tax debt but because of this we are losing the tax benefit of filing jointly thus gaining more credit each year toward my debt (I’ve been filing 0 dependents and having the max tax taken out of my paycheck to get the highest returns which the IRS applies to my debt). We may have an opportunity to submit an offer in compromise soon and put this behind us. Should she fear bad credit, a collection action against her, etc if we change our status this year and possibly amend the previous years we been married to exellerate the reduction of the debt before and until we apply for the OIC?
Gussie Bodor
I aquired a tax debt while single and am in collections currently (An installment agreement). I got married 3 years ago to a woman who has been a full time grad student from the beginning and has not earned enough to have to file taxes in those 3 years. She has insisted that we file married but seperately because she is afraid of collection actions against her because of my tax debt but because of this we are losing the tax benefit of filing jointly thus gaining more credit each year toward my debt (I’ve been filing 0 dependents and having the max tax taken out of my paycheck to get the highest returns which the IRS applies to my debt). We may have an opportunity to submit an offer in compromise soon and put this behind us. Should she fear bad credit, a collection action against her, etc if we change our status this year and possibly amend the previous years we been married to exellerate the reduction of the debt before and until we apply for the OIC?
Gussie Bodor